BANK: WOLFOWITZ GUILTY OF CONFLICT OF INTEREST

Michael RostonPublished: Monday May 7, 2007
A World Bank panel has found President Paul Wolfowitz guilty of a 'conflict of interest,' according to a breaking report at the New York Times website.
"A bank committee formally transmitted its findings that he was guilty of a conflict of interest in arranging for a pay raise and promotion in 2005 to Shaha Ali Riza, his companion," wrote Steven Weisman late on Monday afternoon.
The panel's finding have not been made public, and Weisman added that "It was not clear whether the committee, consisting of 7 of the bank’s 24 board members, would remove Mr. Wolfowitz from his post or, more likely, express a loss of confidence in his leadership in a manner that might persuade him to resign."
The news came as Wolfowitz's adviser Kevin Kellems resigned, complaining that the cloud over the Bush appointed president made his work at the institution useless.
The satirical website Wonkette also was reporting rumors late on Monday that Wolfowitz resigned, but the site was unable to back the rumor up.
LinkHere

Wolfowitz Found Guilty

Aide Resigns…FT: Second Aide Implicated In Scandal...Wolfowitz’s Time Almost Up

The New York Times STEVEN R. WEISMAN May 7, 2007 06:34 PM
A committee of World Bank directors has formally notified Paul D. Wolfowitz that they found him to be guilty of a conflict of interest in arranging for a pay raise and promotion for Shaha Ali Riza, his companion, in 2005. The findings stepped up the pressure on Mr. Wolfowitz to resign.
The contents of the panel's findings were not made public. People who are familiar with the panel's report said that it reviewed extensive documents and testimony before concluding that Mr. Wolfowitz breached his obligations in arranging for Ms. Riza's reassignment from the bank to the State Department.
READ FULL STORY